Apollo Tyres Limited has disclosed the invocation of encumbrance on equity shares held by a promoter group member, Mr. Raaja Kanwar. This action involves the release of 24,000 shares from a pledge held by Nuvama Wealth Finance Ltd., impacting the promoter’s shareholding details. The disclosure is made in accordance with SEBI regulations, providing transparency on changes in pledged shares.
Disclosure on Promoter Share Encumbrance
Apollo Tyres Limited has formally announced the invocation of encumbrance on a portion of its promoter group’s equity shares. This disclosure, filed with the stock exchanges and the target company, pertains to Regulation 31(1) and 31(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The event specifically concerns changes related to encumbered shares held by the promoter group.
Details of Encumbrance Invocation
The reporting date for this disclosure is August 4, 2026. The promoter, Mr. Raaja Kanwar, has had encumbrance invoked on his shares. Specifically, 24,000 shares, representing 0.00% of the total share capital, were released from a pledge. This release was executed in favor of Nuvama Wealth Finance Ltd., with the event of invocation taking place on July 30, 2026. Prior to this invocation, Mr. Raaja Kanwar held 25,880 shares. Post-invocation, his holding in the target company remains unchanged, with the total number of encumbered shares now being 0.
Impact on Shareholding
The disclosure details the shareholding of various entities within the promoter group. Following the invocation, the total number of shares held by Mr. Raaja Kanwar is 25,880, with 0 shares currently encumbered. The total shareholding in Apollo Tyres Limited across all named promoters and PACs is 234,560,037 shares, constituting 36.93% of the total share capital. The total number of pledged shares across all these entities is reported as 24,000, with 0.00% share capital pledged post-invocation.
Source: BSE
